Wednesday broker round-up
20th Jul 2016 09:29
(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy
Read moreCiti sees opportunity in UK real estate correction
18th Jul 2016 16:17
(ShareCast News) - UK commercial real estate values were set to fall further, analysts at Citi said, but they believed the falls would only be a 'correction' - mostly cyclical in nature - and should be looked upon as a trading opportunity. Nonetheless, they admitted the risk of a more severe propert
Read moreMiners and defensives pace gains
4th Jul 2016 14:30
(ShareCast News) - Miners were doing best among the main market groups, with some market commentary referencing the boost to commodity prices from heightened expectations for further monetary stimulus from several of the world´s main central banks, while the Federal Reserve could be expected to stay
Read moreLondon-listed REITs slump as Liberum downgrades on Brexit risks
4th Jul 2016 12:36
(ShareCast News) - Liberum downgraded its ratings on British Land, Land Securities, Intu Properties and Hammerson as it pointed to greater occupier uncertainty in London City offices and retail following the UK's decision to leave the European Union. "Irrespective of economic stabilisers and low int
Read moreIntu Properties in advance talks over Merry Hill acquisition
16th Jun 2016 09:09
(ShareCast News) - Intu Properties has confirmed it is in advanced discussions with Australia's Queensland Investment Corporation regarding the potential acquisition of its 50% interest in the Intu Merry Hill shopping centre in the West Midlands. The company said that if the deal were to go through,
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreFTSE 100 movers: Property drags on buoyant mining
11th May 2016 13:32
(ShareCast News) - The FTSE was underwater but working it was back to dry land late on Wednesday, as the index's raft of heavyweight miners were buoyed by commodity prices. With an hour's trading left in the day, the blue chip index was down 0.1% at 6,150, with property developers causing the bulk o
Read moreDirector dealings: Xaar CEO makes small show of support
9th May 2016 14:43
(ShareCast News) - Xaar chief executive Doug Edwards has increased his stake in the printer inkhead technology group fresh from setting out his long-term strategy and receiving some ringing endorsements from analysts. Edwards, the former Kodak executive who took the helm in January last year from l
Read moreIntu trading in line with expectations ahead of AGM
4th May 2016 09:17
(ShareCast News) - Intu Properties was still on target to deliver growth of 2%-3% in like-for-like net rental income on Wednesday, as investors prepared for the FTSE 100 company's annual general meeting. The group's board said active retailer demand was continuing, with 43 new long-term leases agree
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
Read moreBroker tips: TUI, Countryside Properties, Hammerson
31st Mar 2016 10:45
(ShareCast News) - TUI AG's 'buy' rating and target price of €22.60 (£17.85) were left unchanged by Nomura after the company said summer holidays were higher than last year. The group said it is was on track to meet its target of growing core earnings by at least 10% this year as it reported a 2% in
Read moreCredit Suisse initiates coverage of Hammerson, Intu Properties
31st Mar 2016 10:24
(ShareCast News) - Credit Suisse started Hammerson at 'outperform' with a 630p price target and Intu Properties at 'underperform' with a 300p price target as it initiated coverage of the European retail REIT sector. The bank said Hammerson was its preferred retail REIT in the UK due to its higher qu
Read moreFTSE 100 movers: Aviva leads as it beats expectations
10th Mar 2016 14:39
(ShareCast News) - The FTSE 100 was trading in the red on Thursday afternoon, as the markets were left to digest surprise stimulus moves from the European Central Bank. Aviva was leading the risers, after it beat forecasts with a 20% operating profit increase. The insurer also reported a solvency ca
Read moreFTSE 100 movers: Miners gain but HSBC slumps on Bernstein note
29th Feb 2016 13:47
(ShareCast News) - London's FTSE 100 index was down 0.3% to 6,075.39 at 1525 GMT, as investors weighed up disappointment that the G20 meeting did not yield a coordinated stimulus effort against the People's Bank of China's move to cut the reserve requirement ratio. HSBC was in the red after Bernstei
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